Climbing Wholesale Costs to Push Retail Gasoline Prices Higher

By Brian L. Milne, Energy Editor, Schneider Electric The U.S. retail average for gasoline prices is poised for an increase coming into the second week of December after the Energy Information Administration (EIA) reported a 2.1 cents decline to $3.272 gallon in its national average for the week-ended Dec. 2 amid higher wholesale costs, especially

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Iran Deal Pressures Gasoline Futures

Brian L. Milne, Energy Editor, Schneider Electric On the heels of a fresh upside technical breakout on the charts, the nearest delivered gasoline futures contract trading on the New York Mercantile Exchange was under selling pressure following news over the weekend Iran reached a deal with the permanent members of the United Nations Security Council

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Wholesale Gasoline Prices Slide Mid-October

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs moved lower mid-October, declining despite little change in the week-over-week value for gasoline futures through Oct. 18, with the New York Mercantile Exchange RBOB futures contract rallying to a one-month high at $2.7240 gallon Oct. 16 on news a deal to end the government

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Paper Gains to Arrest Retail Gasoline Price Slide

By Brian L. Milne, Energy Editor, Schneider Electric In the U.S. gasoline market, it’s not unusual for retail prices to slow or even reverse their September decline in October, underpinned by seasonal refinery maintenance which reduces output that, in turn, pressures crude prices. As the U.S. remains in political gridlock, unable to reach deals on

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U.S. Gasoline Market Exits Peak Demand Season

By Brian L. Milne, Energy Editor, Schneider Electric The session before expiring on the last business day of August, the September gasoline futures contract rallied to a $3.1095 gallon six-week high on the spot continuation chart, spurred higher by concern over U.S. military intervention in Syria in response to evidence the Syrian government used the

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Wholesale Gasoline Costs, Economic Outlook Mixed

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs were mixed across the country’s major metropolitan markets during the week-ended Monday (8/5), with supplier offers in upper Midwest and most West Coast markets mostly lower from prior Monday. The mixed costs for retailers follow mostly positive data for the U.S. economy except employment

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Wholesale Gasoline Costs Mixed as July Nears End

By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs were mixed with a downside bias for the week-ended Monday (7/29), pressured by a selloff in New York Mercantile Exchange Reformulated Blendstock for Oxygenate Blending futures from a four-month registered July 19. The mostly lower wholesale costs won’t, however, translate into lower retail prices

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More Upside for Retail Gasoline Prices

By Brian L. Milne, Energy Editor, Schneider Electric The Energy Information Administration’s (EIA) U.S. retail average for all grades of regular gasoline has more upside despite a sharp nearly 15 cents jump in the average during the week-ended July 15 and mixed wholesale costs across the country’s major metropolitan markets for the week-ended Monday (7/22).

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Spot Gasoline Prices Surge on Several Features

Brian L. Milne, Energy Editor, Schneider Electric Gasoline prices in regional spot markets across the U.S. rallied during the second week of July, pushing higher on a host of features including two gasoline unit outages at Port Arthur refineries in Texas. The downed units came alongside data showing strong demand for gasoline, an unexpected decline

Crude Rallies to Nine-Month High on Mideast Worries

By Brian L. Milne, Energy Editor, Schneider Electric Short covering underpinned a push by New York Mercantile Exchange crude futures to a $98.25-barrel nine-month high on the spot continuation chart ten minutes after the start of regular session trading Friday (6/14), with the contract settling up more than a dollar a day at $97.85 pre

Wholesale Costs Set to Reverse March’s Lower Trend in Retail Prices

By Brian L. Milne, Energy Editor, Schneider Electric After four consecutive weeks with a decline, and 23 out of 29 days in which retail gasoline prices have fallen, higher wholesale costs could reverse the recent trend observed in March and push prices at the pump higher in early April. The Energy Information Administration (EIA) reported

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NYC follows N.J. Lead, Institutes Odd-Even Gas Rationing

By Brian L. Milne, Refined Fuels Editor, Telvent DTN In the aftermath of Hurricane Sandy, which was followed by a less destructive but still menacing nor’easter, the fuel distribution chain in the Northeast continues to experience disruptions. Phillips 66 estimates it would take another week or two before a resumption of normal operations would occur

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Pain at the Pump Hits Californians

Brian L. Milne, Refined Fuels Editor, Telvent DTN The odd pairing of weak demand for gasoline while supply is tight has been a running theme in the U.S. for much of 2012, while unplanned refinery outages have had a more dramatic effect on certain regional markets, the latest in California. On the heels of a

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U.S. Retail Gasoline Prices to Continue Higher after Labor Day

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Bucking the seasonal trend, the U.S. average for regular grade gasoline sold at retail outlets across the country will continue higher after the Labor Day holiday, increasing despite the end of the summer driving season when demand typically declines after peaking during the summer months. There

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